Binance, the world’s biggest crypto exchange, has stopped offering Banco de Venezuela as a way to pay on its P2P trading platform.
This is similar to what it did with some Russian banks that are under sanctions last week.
It seems that Binance is trying to comply with international financial sanctions after a report by the Wall Street Journal on Aug. 24 revealed that the exchange was helping users evade them.
Venezuelan users noticed that Banco de Venezuela disappeared from the P2P payment options this week, along with several Russian banks that Binance removed earlier.
The main reason for this action is the report that exposed Binance’s role in bypassing international financial sanctions.
